Securities / Derivatives

SFC Directs Licensed Corporations to Plan for Contingencies

07/03/2022

The SFC expresses concern that some licensed firms may not have plans in place to deal with financial distress or the sudden unavailability of key staff.

Enforcement

SMBC Nikko Employees Arrested in Manipulation Probe

07/03/2022

Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.

FSC Korea Amends Rules to Promote Overseas Expansion of FIs

06/03/2022

The FSC has eased reporting requirements for Korean financial institutions engaged in operations and investment activities overseas.

AML / KYC

FATF Concerned About Impact of Ukraine Invasion on Risk Environment

06/03/2022

Russia’s actions run counter to the FATF core principles. The FATF is reviewing Russia’s role at the FATF and will consider steps to uphold its core values.

Capital / Liquidity

APRA Commences Post Implementation Review of LCR, NSFR

06/03/2022

The review will inform potential adjustments to the LCR and NSFR and a broader review of APRA’s liquidity requirements.

ESG / Sustainability

APLMA, LMA, LSTA Publish New ESG Guidance Documents

06/03/2022

The guidance documents are intended to support the development of green, social, and sustainability-linked loans.

Enforcement

NZ FMA Censures Derivatives Issuer Over Suitability Checks

05/03/2022

CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.

Fintech / Regtech

US SEC Probes Whether NFTs Are Being Used Like Securities

05/03/2022

The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.

Capital / Liquidity

Bank Indonesia Offers Incentives for Inclusive Financing Activities

04/03/2022

Banks that expand priority sector credit and inclusive financing beyond certain thresholds can reduce their statutory reserve requirements.